Payment Initiation Services
Reference ocds-b5fd17-23e15d33-8979-4cf5-bd91-6493041cd4ad · NS&I
Awarded to Ecospend Technologies Limited.
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Description
NS&I has a requirement for the provision of Payment Initiation Services in order to make it easy for our customers to pay NS&I by bank transfer using a secure, simple and efficient process. NS&I Customer research has shown that three key factors influence how customers choose to pay: Security, Ease and Confidence. Payment initiation offers a well-defined journey, with the necessary account details securely transferred using Open Banking technology. This reduces the risk of the customer making an error, and makes it easier for the customer to complete the task than a manually set up bank transfer. For NS&I, Payment Initiation is more cost-effective than debit card. Through the use of Payment Initiation, NS&I aims to reduce our future payment costs. We expect the Supplier to provide Application Programming Interfaces (APIs) to allow NS&I to enable our customers to seamlessly transition from our new mobile app or future website, to the customer's own bank and back to our online service for confirmation. The API should pre-populate the sort code, account number, account name, payment amount and payment reference. At a later date, NS&I may also require the following additiona…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Ecospend Technologies Limited | £0 | 21 November 2025 |
Official publications
| Medium | Reference | Date |
|---|---|---|
| FTS | 230c8e3f-6025-4240-b703-9369cbf94425-915252 | 24 September 2026 |
| Contracts Finder | 230c8e3f-6025-4240-b703-9369cbf94425-915252 | 24 September 2026 |
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Frequently asked questions
- What is the deadline to bid for this tender?
- The submission deadline is 2 October 2025, 16:00. Check the official source, as dates can be modified.
- Who is the buyer of this tender?
- The contracting authority is NS&I (United Kingdom).
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